AITO M7 Released, Delivery Starts in August
AITO, an electric vehicle brand jointly created by Huawei and Seres, a brand of local automaker Chongqing Sokon, launched its new SUV, the AITO M7 on July 4.
7/4/20223 min read
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Tesla China Halts 0% Minimum Downpayment Program Due to Surge in Orders
Tesla’s ambitious 0% minimum downpayment program for China has been canceled just three days after the option was introduced on Monday.
11/4/20212 min read
HiPhi Responds to Lawsuit from Faraday Future
HiPhi issued a statement in response to the lawsuit filed by Faraday Future, denying that Chinese entrepreneur Ding Lei and related companies of Human Horizons have infringed upon its trade secrets and engaged in unfair competition.
3/6/20244 min read
Financial SaaS Service Platform Beta Data Secures B+ Round Financing
On Thursday, Beta Data, a SaaS service platform for financial institutions, announced the completion of a round B+ of financing.
2/10/20222 min read
10 Things You Should Know About Kuaishou — TikTok Rival Zynn’s Parent Company
Kuaishou is one of China’s largest short video-sharing and livestreaming apps, which has also become a conspicuous power in China's e-commerce industry.
TikTok Rival Kuaishou's Business in China Turns Profitable in 2022
Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.
3/30/20233 min read
From High School Dropout to Guinness World Record Holder: How Chinese Vlogger Li Ziqi Teaches Millions to “Live with the Earth”
This is Li Ziqi, a Chinese vlogger who recently broke Guinness World Record for “most subscribers for a Chinese language channel on YouTube” with 14.1 million subscribers.
Infection Rate of COVID-19 Shows Downward Trend in China
A report from the Chinese Center for Disease Control and Prevention on January 15 showed that, based on optional nucleic acid testing data, positive cases across the country have showed a clear trend of increasing then decreasing since December 9 of last year.
China VC Weekly: AR, Robots and Bike Sharing
In last week’s VC news, Chinese AR platform provider HiAR raised $42 million in its recent Series C round of financing, German-Chinese robotics firm Agile Robots raked in a whopping $220 million, and more.
9/14/20214 min read
Warren Buffett Shares his Thoughts on China's Development
On May 4, at the annual Berkshire Hathaway shareholders' meeting, Hathaway's head Warren Buffett was interviewed by Yahoo Finance.
5/5/20192 min read
China NFT Weekly: Will NFTs Be Regulated in China?
This week: PBoC anti-money laundering chief speaks out against NFTs and metaverse, China looks to set up digital asset bourse to push e-CNY and boost financial services in the capital.
12/2/20217 min read
XPeng Motors: Details of Further Cooperation with Volkswagen Will Be Disclosed Next Week
There are rumors that hundreds of Volkswagen engineers have moved into the XPeng Motors headquarters. XPeng declined to comment on the matter, but stated that detailed information about cooperation with Volkswagen will be disclosed next week.
7/19/20243 min read